Yangzijiang Shipbuilding BS6 has reported an outstanding orderbook of US$10.98 billion ($14.67 billion) in its business update for the 1QFY2023 ended March 31, making this a record-high for the Mainboard-listed group. The orderbook comes with a delivery timeframe of 2023 to 2026.
Year-to-date (ytd), the group has secured some US$1.18 billion in order wins, which is around 39% of its increased order-win target of US$3 billion for the FY2023.
In shipbuilding, the group has delivered 16 vessels ytd, or 28% of its FY2023 target of 57 vessels.
Its current portfolio contains 23 units of dry bulks, two containerships, three chemical tankers and one multiple purpose vessel.
Looking ahead, the group aims to maintain a relatively stable fleet size as well as upgrade the overall efficiency of its fleet. In its update, it announced that it intends to dispose a 10-year-old bulk carrier and a 20-year-old stainless steel chemical tanker.
As at 4.31pm, shares in Yangzijiang Shipbuilding are trading 1 cent lower or 0.8% down at $1.24.
